In the face of complaints about stalled works on the hydroelectric project, the National Electricity Company in Honduras has announced the first tests for October 2013.
Complaints are being made about the slowness of the proceedings in various branches of government which are stalling the project to build Hondura's Patuca III hydroelectric plant.
Deputy Francisco Rivera, chairman of the Budget Legislative Commission, reported the situation to Congress, noting that the institutions involved will be investigated in order to determine the causes.
In September, the regulator will start the bidding process to hire a company to undertake repairs and maintenance.
The cost of repairs according to information from the National Electricity Company (ENEE), is about $20 million.
Sub technical manager of ENEE, Leonardo Deras told Latribuna.hn that domestic and foreign experts have agreed on the urgency of initiating repairs and maintenance.
The construction project for the Jicatuyo and Los Llanitos dams still needs $150 million in funding.
The project has already raised $100 million from the Brazilian National Bank, $200 million from Banco Centroamericano de Inversión, $20 million of the Brazillian company Odebrecht (who will carry out the works) and $100 million from Empresa Nacional de Energía Eléctrica, ENEE.
The Secretary of State will receive expressions of interest for the Feasibility Study for the Mixcure River hydroelectric development project.
Services required include the development of consultancy project entitled "Feasibility Study of Hydropower Development at Mixcure River, Environmental Assessment and Elaboration of Implementation Strategy for Hydroelectric Development at Mixcure River," the objective of the consultancy is to provide ENEE and higher authorities with a feasibility study on Hydroelectric Development at Mixcure River and an implementation strategy that will allow the Government of Honduras to execute the renewable energy project according to the law.
An agreement with the Honduran government includes financing technical studies and managing the search for construction investors from a pool of South Korean candidates.
The International Cooperation Agency of Korea (KOICA) and the National Autonomous Service of Aqueducts and Sewers (SANAA) have signed an agreement endorsed by President Porfirio Lobo, through which technical studies will be conducted for the construction of the Guacerique II dam which will supply drinking water to the capital, Tegucigalpa. The technical work, which costs about a million dollars, will be funded by Korea.
The funding of $300 million for the construction of the Patuca III hydroelectric project has been approved by the bank Eximbank.
Financial Secretary, William Chong Wong said that negotiations of both the technical and political details with China have reached the final phase, which has led to the approval of funding by the bank.
The first phase of the Hydro Power Plant is picking up steam after the signing of an agreement between Honduras and China.
After three months of negotiations, the governments of both countries agreed the construction of the first phase of the hydro plant, located 220km east of the capital city Tegucigalpa.
At the upcoming "Honduras is open for business" event 21 energy projects will be presented to 325 investors, which have already confirmed their presence.
An article in Laprensa.hn reports that the Honduran Foreign Affairs Ministry is expecting the companies interested in the renewable energy generation projects to include Italy's National Electrical Energy Company and Brazil's specialist damn building company, Norberto Odebrecht, as well as important Chinese investors.
Authorities and representatives of different sectors of society held a meeting to establish legal structure, the environmental studies, permits and financing.
Congress passed a law permitting construction of hydroelectric plant Patuca I, II and III and Los Llanitos and Jicatuyo.
With the approval by the Special Regulatory Estate Acquisition Law it was declared of public interest and national need the construction and operation of the renewable energy projects mentioned.
The funds will be used in infrastructure projects such as the Patuca III hydro power plant.
William Chong Wong, finance minister, explained that the money comes from several international institutions such as the World Bank, the IDB, CABEI and the Governments of Taiwan and Europe.
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